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From wire reports • Tuesday July 29, 2014 1:12 AM

WASHINGTON — Fewer Americans signed contracts to buy homes in June, indicating that the
real-estate market has cooled this summer.

The National Association of Realtors said its seasonally adjusted index of pending home sales
slipped 1.1 percent, to 102.7 last month. The index is 7.3 percent below its level in June
2013.

Pending sales are a barometer of future purchases. A one- to two-month lag usually exists
between a contract and a completed sale.

Signed contracts in June fell in the Northeast and South. They rose slightly in the Midwest and
West.